Changes to the Serbian Corporate Income Tax Law came into effect on January 1, 2019. One of the incentives introduced is the abolishment of the 10% limit on the deductibility of advertising and promotional expenses recognized as expenses in the…
Serbia and San Marino signed a DTT on April 16, 2018, thus effectively resulting in the removal of San Marino from the Serbian list of countries with a preferential tax regime. The Law on Confirmation of the DTT was adopted…
On April 19th, 2018, the Serbian Parliament adopted the Law on Amendments to the VAT Law. The adopted Law was published in the Official Gazette No. 30/2018 and came into force on 1st of July 2018, with the exception of…
The Ministry of Finance of Serbia has adopted the Rulebook on arm’s length interest rates for 2018 (“Official Gazette of the Republic of Serbia”, No. 18/18). The new rulebook applies when determining corporate income tax in 2018, while when determining…
Significant changes affecting a wide range of companies in Serbia have been introduced via amendments to the provision related to application of withholding tax. Article 40, paragraph 1, item 5 of the Law on Corporate Profit Tax regulates the taxation…
Serbia has been ranked world leader in the number of new jobs created in 2016 – as a proportion of the population size – and therefore the best place to invest, according to the Global Location Trends report by the…
The concept of staff leasing has existed for years in Serbia and enables companies to flexibly employ workers through agencies specialized in this type of service. Nevertheless, what constitutes a challenge is the lack of a clear and comprehensive legal…
In 2008, the Serbian Government signed a Stabilization and Association Agreement with the EU, adopting a timeframe for the gradual removal of trade barriers. Nine years later, during 2017, the Government drafted a law authorizing foreign ownership of up to…
Forex trading in the Republic of Serbia is regulated by the Law on Capital Markets, the Law on Foreign Exchange Transactions and the Decision on Trading with Financial Derivatives. A Forex company provides demo accounts on certain platforms with real…
On December 28th, 2016, the Serbian Parliament adopted the Law on Amendments to the Law on VAT (Official Gazette of RS, No. 108/2016). The Law came into force on January 1st, 2017, and the greatest impact of this law will…